Q.
Which is the best pension plan available for an individual? How much do i have to pay for a span of 20 yrs in order to get a pension of Rs 15000 - 20000 per month? planning to retire at the age of 45 yrs.. my present age is 25.
Asked by Brijesh Gopinathan,
13 Feb '09 06:57 pm
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Answers (2)
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Dear brijesh Gopinathan,
REAL VALUE of Rs.20000 will be INSIGNIFICANT after 20 Years. You should Plan for at Least Rs.50000 P.M. or More.
Start Investing Rs.5000 per Month ( in 5 Equity Mutual Funds by SIP of Rs.1000 P.M. in EACH FUND ) on Different Dates.
If your Money GROWS at 12% per year, VALUE of Your Funds after 20 years will be OVER Rs. 48 Lacs.
If your Money GROWS at 15 % per year, VALUE of Your Funds after 20 years will be OVER Rs. 70 Lacs.
...more
Answered by prakash sharma, 14 Feb '09 04:59 am
REAL VALUE of Rs.20000 will be INSIGNIFICANT after 20 Years. You should Plan for at Least Rs.50000 P.M. or More.
Start Investing Rs.5000 per Month ( in 5 Equity Mutual Funds by SIP of Rs.1000 P.M. in EACH FUND ) on Different Dates.
If your Money GROWS at 12% per year, VALUE of Your Funds after 20 years will be OVER Rs. 48 Lacs.
If your Money GROWS at 15 % per year, VALUE of Your Funds after 20 years will be OVER Rs. 70 Lacs.
...more
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